The Calvert Group is lowering maximum investments in B-shares for 16 funds from $250,000 to $100,000. In late July, Calvert updated 16 funds' prospectuses to provide investors with better guidance in buying different share classes of the funds.

Investors are advised to make any investments exceeding $100,000 in A or C shares, since sales load breakpoints apply. Investors putting more than $1,000,000 in C shares are also advised to purchase A shares thereafter.

A spokeswoman did not immediately turn a call seeking comment.

Lower Ceilings for B-Shares

Funds Affected

Calvert Social Investment Fund (CSIF) Balanced Portfolio

CSIF Equity Portfolio

CSIF Enhanced Equity Portfolio

CSIF Bond Portfolio

Calvert Social Index Fund

Calvert Large Cap Growth Fund

Calvert Capital Accumulation Fund

Calvert World Values Fund (CWVF) International Equity Fund

Calvert New Vision Small Cap Fund

Calvert Income Fund

Calvert Short Duration Income Fund

Calvert Tax-Free Reserves (CTFR) Limited-Term Portfolio

CTFR Long-Term Portfolio

Calvert National Municipal Intermediate Fund

CTFR Vermont Municipal Fund

Calvert California Limited-Term Municipal Fund

Source: SEC filing

 

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